Blend Labs Reaches Analyst Target Price
March 26, 2024 at 07:17 AM EDT
In recent trading, shares of Blend Labs Inc (BLND) have crossed above the average analyst 12-month target price of $3.06, changing hands for $3.10/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..